penny stock trading rules

NYSE banned sub-penny rule?

I want to know isn’t NYSE has temporary banned the sub-penny rule, which means that for stocks trading under $1.05 for 30 consecutive days do not have to be delisted ?

As far as I know, they did not change the rule. But whenever they go to delist a company for not meeting their criteria (market cap, per share price, whatever) there is usually an appeal process, that can take several months. So if you see a company on the NYSE below $1, it’s probably in the process of being de-listed, but it’s appealing the ruling.

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